This arbitration agreement is executed contemporaneously with, and as an Inducement and consideration for, an Installment or sales contract for the purchase of a manufactured home. It provides that all claims or disputes arising out of or relating in any way to the sale, purchase, or occupancy of manufactured home resolved by binding arbitration administered by the American Arbitration Association ("AAA") under its Commercial Arbitration Rules. This Agreement is an election to resolve claims, disputes, and controversies by arbitration rather than the judicial process. The parties waive any right to a court trial.
Arbitrate Definition For English In Harris
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Harris
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US-00416-1
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1. to act as arbiter upon (a disputed question) : to settle (a dispute between two people or groups) after hearing the arguments and opinions of both. A process in which an independent person makes an official decision that ends a legal disagreement without the need for it to be solved in court.1. To judge or decide in or as in the manner of an arbitrator: arbitrate a dispute between neighbors. 2. When an uninvolved, impartial person is called in to help settle a dispute, it's called arbitration. Intransitive verb To submit a dispute to arbitration. From The Century Dictionary. It's where parties involved in a dispute agree to settle their differences. DFS Proposes Health Equity Regulation. Orgwith the subject line, "ARBITRATION OPT-OUT". The word arbitrate can also be used in a more general way meaning "to determine or settle a dispute," similar to the word mediate.